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CSPAN
Apr 6, 2013 6:20pm EDT
want to grow the economy without raising taxes. >> hi, everybody. our top priority as a nation and my top priority as president must be doing everything we can to reignite the engine of america's growth, a rising, thriving middle class. .hat is our north store that must have every decision they make. yesterday we learned that our -- we created about $500,000 this year. we haveave got -- created about 500,000 jobs this year. but we have got more to do. there are spending cuts that are hurting the community. cut cell costs our economy hundreds of thousands of jobs this year. countrywant to keep our on growth, when the create good, middle-class jobs, you have to make smarter choices. this week i will send a budget to congress that will help us do that. it is a fiscally responsible blueprint for middle-class jobs and growth. washington has argumen raged. my budget puts that argument to rest. we do not have to choose between goals, we can do both. when we saw in the 1990s, nothing reduces the deficit faster than growing the economy. my budget will reduce the deficit not what spending cuts
CNN
Apr 6, 2013 6:30am PDT
boom in energy but where are the jobs? good morning, everyone. i'm christine romans. the economy is doing better and analysts have been raising estimates for first quarter economic performance but the resilience is not translating into faster job growth. last month the economy created just 88,000 net new jobs, far short of the expectation. the unemployment rate dropped to 7.6%. but that's because nearly 500,000 people dropped out of the labor force. in fact, the labor force participation rate fell to its lowest level since may 1979, but we saw losses in retail, what economists are discussing bitely is whether you've seen the expiration of the payroll tax holiday that didn't have an effect the first couple of months of the year, maybe it was starting to bite a little bit and that could be reflected in the retail jobs or sequester talk, all kinds of other things happening in the economy, europe. maybe people are feeling less confident and spending less and translating into fewer of the retail jobs. greg valliere, and rena brouhar, nice to see both you. maybe this is another spring slo
PBS
Mar 29, 2013 4:30pm PDT
going right in the economy and what's not. >> reporter: that sound you hear is the american economic recovery at its sweetest. the hammers and drills of the housing market. across the country, the median price of a home is up 7% in just the past year. sales of existing homes are at multi-year highs. and since housing is about a fifth of gdp, it may be the best thing we have going. >> as housing starts to bottom and recover, that's the economy. because at the endf the day, americans have more of their net worth in their house than any other asset. and so this is a huge part of the rebuilding of confidence. >> reporter: housing is one of three pillars that are responsible for the recovery as we know it. autos is another. the revitalization of the big three car makers hasn't brought many new plants, but it has brought new production. an estimated 15.5 million units this year. up from just 10.5 million at the lows. some call it the new center of gravity of a manufacturing renaissance. also working, high-end retail. sales at names like macy's, saks and michael coors suggest the w
PBS
Mar 29, 2013 7:00pm PDT
getting some traction in the housing market. >> reporter: if the economy truly gains traction when and how does the fed pull back on its monetary stimulus. what happens to mortgage rates, to governmentç debt payments. in short, can the economy survive the fed's mandate coming off four years after a bruising economic crisis, no one, it seems, has a good answer for that. carl quintanilla for "nightly business report" new york. >> dig a little deeper and break out some sectors. you heard carl mention the fed and mortgage rates. let's talk about housing. diana oillick from las vegas on how far the housing market has come and how far it needs to go to regain full health. >> reporter: chris and candice rodgers wanted to move to a bigger house. with las vegas homes costing about half what they did during the housing boom, they figured it was the perfect time. except there was nothing to buy. >> we looked at a lot of the existing homes and some are bank-owned. >> reporter: so the rogers turned to new construction, which is suddenly sprouting up all around the city with national and local builder
CSPAN
Mar 31, 2013 11:00pm EDT
not just in the emerging economies. the financial crisis of 2008-9 drew record numbers of people in the united states, unemployment, foreclosure, and poverty to say nothing of the devastating impact on the after shocks of the economies and peoples of europe, whether in the first world or the third, there is no place to hide it from the power of policy. also no place for you to hide. [laughter] come out to hear talk about a book on economic policy. you have great courage. but as you can tell from that reading, this book is as much about humanity and relationships as it is about economic policy. and what i would like to do with my remaining time before we open it up for question and answer is just give you a sense of what our release of critical issues. the last paragraph, what are really critical moment in the economy. growth is slow in the events economies. less than 3% last year. europe is in recession. emerging economies are for the first time driving economic recovery. the question is how will we create a more prosperous future? and really in a nutshell the book is about three th
SFGTV2
Apr 1, 2013 8:00pm PDT
and this is all going to put more sales in the regional economy and again there is so much business activity. and we are blessed with just being in this part of the country and the world. i'm very interested in what we are going to hear from our speakers this morning to sort off guide us through this year. now before we get to our program please join me in thanking the organizations and people who made this possible. and you can clap now for awful them but -- this event is jointly presented by san francisco business times and our partner, title sponsor corn irand carey commercial new mark, night, frank. and we are going it hear from dan clef man and dan class man some 14 year ago really came up with this idea, we sat down over lunch and there was another person involved allen cline knelt and which came up with this idea and so i have to give dan much much credit for that. (applause). . very much so. and in 2012, cornish and carey, dominated the area of commercial real estate with over $6 billion in leasing and sales transactions so very good there. and you are soon going to hear fro
FOX News
Mar 30, 2013 7:00am PDT
high. what about the economy? while some areas of improving. jobless benefits moving up. new home sales slowing down and a key read on investment plans raising a red flag. so, is wall street signaling a boom or ignoring a coming bust? hi, i'm brenda buttner, this is bulls and bears, let's get to it. the bulls and bears this week, we've got gary b smith, jonas max ferris, john lay field along with julian epstein. welcome to everybody. okay, john, boom or bust? >> unfortunately, brenda, i believe a bust. and i wish that wasn't the case. there are a few positive things going on in the economy, but with long-term structural unemployment, not cyclical unemployment and anemic growth, what gary b brought up weeks ago, the market is detached what's going on in the united states. it's on a run. i don't think that anybody would argue that the economy is on an incredible run so an obvious detachment. i don't think that's going to change. >> brenda: julian, sometimes people consider wall street to be a leading indicator, like it's a crystal ball for the economy. do you see the economy startin
CSPAN
Mar 30, 2013 10:30am EDT
include a number of books and tours of dissent, best descent of the u.s. economy. the living wage, the building a fare economy. and then more recently, a measure of fairness, the economics of the living wage and minimum wages. and the most recent book is the topic for tonight, back to full employment. i just want to add that the work of a living wage has been very, very important. he's been probably the leading researcher on this important issue. he's published numerous papers and reports in addition to these books. he struggled to cities across the country to speak about the living wage and has testified before many city councils who were considering living wage proposals and i think this is an important contribution i just want to acknowledge that. bob's recent work is focused on the green economy. and the achievement of the twin goals of sustainable energy and full employment. he's written a number of papers and reports on this topic and has worked as a consultant on green energy projects for the u.s. to provide enough energy and the international labor organization and is currently
CNN
Apr 6, 2013 10:00am PDT
march. and a bull market appears to stall. the economy should be ready for a comeback, but you're not ready to celebrate yet. i'm ali velshi, this is "your money." 88,000 net new jobs were added in march. much fewer than the 268,000 added in february. the unemployment rate did fall slightly to 7.6%, but that just means fewer people were loorking for work in march. regardless, the u.s. is still keeping with its 37-month trend of private sector job growth in this country. christine romans is looking at the numbers. these numbers are disappointing. should we be worried? >> is it a blip or a longer-term reversal? that's what economists are arguing about. we saw the past three years. you saw strength in the first part of the year and a spring swoon. it's something the fed chief warned about earlier this year. you talk about the unemployment rate dropping. it dropped because look on your screen. 496,000 people dropped out of the labor force. the participation rate now the lowest since 1979. >> let's be kashl about the unemployment rate because it it measures a moving target. it it measu
PBS
Mar 28, 2013 6:30pm PDT
describe today's reports on the u.s. economy. in the job market, the number of americans filing new claims for unemployment benefits rose last week by 16,000. but according to most economists, that's not enough to suggest the labor market is weakening. as for the overall economy, growth during the final quarter of last year shows as the economy expanded 0.4%, not a blowout number for gdp but more than the government previously estimated. >>> what's next for the u.s. stock market? let's get some answers from mike holland, chairman of his own money management firm, hole lalan holland & company. you have been in the markets for years. you've been telling me this is the least enthusiastic market in your career. do you think by monday they're going to be more enthusiastic? what's next? >> i don't think so, suzy. i think the comments i heard today from a lot of people who are in the marketplace, it's a smaller number than there used to be at market highs, i should add. the people are looking for when will the next correction be? is this over? it isn't the way it was when the market had it
PBS
Mar 28, 2013 7:00pm PDT
think as you were just talking about a second ago, the numbers in the u.s. economy continue to be better than most other places in the world. so say for a place to be, look at europe, it's more predictable. look at china. we do have a valuation level here that i think continues to be one that is actually kind of crazy to me in terms of attractiveness. it's crazy attractive. and i think that when you get great companies in the u.s. trading at 10, 12, 14 times earnings with 1, 2, 3, almost 4% yields in some cases versus what else is out there, it's not even a close call. >> i want to make a quick switch over to commodities. i know you're not a fan of gold. it closed just under $1600 an ounce. but you like other commodities. which ones and why? >> i think overall the economy is going to move up by china and the u.s. i think overall the commodities -- i don't expect the kind of run over the past decade when china was red hot, but i think i have the support level under the commodity markets. i actually would probably buy the stocks rather than commodities directly. if you bought in the
CNBC
Apr 4, 2013 4:00pm EDT
maybe the next five or ten, as the one true stand-alone economy in the world. and i'm beginning to develop that thesis more formally. and i think that, listen, while we may have a correction in stocks, i don't think it alters the long-term forecast, where the u.s. is the preeminent economy and the preeminent financial markets in the world going forward for quite some time. >> that's interesting, because you're looking at real changin s s in japan. nouriel roubini just came in the air and said japan is going to rally another 10 to 15% from current levels. would you buy into this move after the huge run-up in japan we've seen? >> absolutely. we've hedged the yen currency. you believe you want to make money if the yen goes down or if the exporters go up. japan has had two decades of deflation. finally for the first time in two decades, they've had a major clang in central bank policy. they're emulating our fed and investing in japan right now is similar to investing in u.s. stocks in 2009, when everybody was afraid, but they had the beginning of their long cycle. >> so you would do th
FOX News
Mar 30, 2013 1:00pm PDT
million does that number strike you as high? >> yes, but we have a difficult economy. i will tell you this if you are talking about stock market, the reason why stock market is fed printing money. why? because the real economy is not doing that well. >> neil: i don't care about that. 48 million alone strikes you as a high number. >> a lot of people need it. >> because the question wasn't about the economy. you are asking people getting stuck on it. that is a different question. >> the program has shrinked and gone down as unemployment falls. if economy improves the program shrinks. >> our economy is not improving. >> neil: ben, what do you make of this. what is accurate as you said many times, any good caring government that looks after those that are most needy. is it accurate 48 million americans are in need of food stamps? >> when i was teaching at u.c. santa cruz there were many kids from wealthy families and go down to the local office and apply for food stamps. there was no checking. they would use the money to buy groceries and buy drugs. i've been somewhat prejudiced against f
FOX Business
Mar 31, 2013 8:30am EDT
strike you as high. >> yes, here is the thing, we have a very difficult economy an i will tell you this, if you're talking about the stock market, the reason why the stock market is up, the fed is printing ney. why is the fed printing money? >> because the real economy is not doing that well. >> i don't care though, and just, what is it 48 million alone strikes as a high number. >> now want tonosomething, a lot of people need. >> hold on a second the question wasn't about the economy. you asked about people getting stuck on it and that's the important-- different question. >> the program should shrink and historically gone down as unemploymentalls, if the economy improves the program shrinks. >>ur economy is not improving. >> neil: ben stein, what do you make of this. what is accurate to you, you've said any good caring government looks after those who are the most needy. is it in your mind accurate to say that 48 million americans are in need of food stamps? >> when i was at the santa cruz, many kids from wealthy families could go down to the local government office, agriculture d
CSPAN
Mar 30, 2013 6:00am EDT
economy every single year. in addition, we advocate on behalf of 187 major american corporations. we do our work through a network of 200 local chambers and business associations throughout the united states and puerto rico. members are immigrants and we have a unique view of the rule that member entrepreneurs play in building this american economy. bipartisanis a consensus reached by the gang of 8 or a major corporate ceo calling for reform, as we have seen recently from coca-cola, and j.p. morgan, and others. at our national legislative summit, we heard from leaders as andous from democratic republican parties from nancy pelosi to senator rand paul, as they shared their vision for comprehensive immigration reform. what i have learned from numerous conversations from national business and political leaders is that it is not known lager -- it is no longer a question of if immigration reform will pass, but when and how. the united states hispanic chamber of commerce is committed to helping pass comprehensive immigration reform. given the entrepreneurial impact of immigrant-owned b
PBS
Apr 6, 2013 12:30pm PDT
korea? south korea has an economy 40 times as large, twice the population. japan and south korea have got to be looking now at their own nuclear options. >> wait a minute is this an argument for a sass nation? >> you know, i tell you, if the war start, i would go for -- if a war starts and, you know, nobody wants a war. but i think regime change would be in fompletd they are going to go to all out war. >> regime change has gotten a bad name thanks to george w. bush. we're nowhere near that. this is not 1962 where we're at the edge of our chairs. we're not going to have 28,000 troops turn tail, come home because we don't want to protect our allies. so, i mean -- >> sick years since the cory i can't be war. 20 years since the cold war ended. what are they doing? >> allies are allies, as long as -- >> how long are they going to be there? >> let's go to the exit question. did you finish your point? >> i'm just standing up for south korea. >> so you're on the right side. >> i was dog to say, kim is trying to roll that policy back. he's already rescinded the earlier armistic ekes. he's doin
PBS
Apr 4, 2013 4:30pm PDT
japanese economy through a bond buying program. while stocks rallied in japan, and some of that enthusiasm spread to wall street, with the major stock averages bouncing back from yesterday's losses. the dow rose 55 points. the nasdaq and s&p both added six points. >>> a bumpy run of economic data in recent days, including the jobless claims numbers that susie just mentioned has put a more halting rhythm in stocks over the past week, and it has raised the stakes for tomorrow's official employment report from the government. hampton pearson has more now from washington. >> reporter: the lines at unemployment offices across the country got a little longer last week. jobless claims increased by 28,000. that's the third straight weekly hike. and the new seasonally adjusted average of 385,000 has not been this high since the end of november. unemployment claims are often a proxy for future layfs. a closely watched rept from challenger gray and christmas shows employers announced just over 49,000 job cuts last month, down 11% from february, but 30% higher than a year ago. >> certainly
CNBC
Apr 5, 2013 4:00pm EDT
lowest level of the year. did the bond market have it right all along? are the u.s. economies on the slow road back to recovery and is the great rotation out of bonds into stocks just about over. jeff cox over at cnbc headquarters, rick santelli at the merck. rick, you've been arguing this point for a while, that the economy has a long way to go. >> yeah, i think it does. i mean, let's consider the very simple facts, that we have a sequester that may be $45 billion on the economy in this fiscal year. we've spent trillions of dollars on stimulus, some would call it deficits. and for the last four years, there's been boatloads. and after all of that, we get a jobs number like this. and the discussions are still that something politically created like the sequester was never supposed to fall into place, because the democrats thought the republicans would cave on defense, and they made it messy, that something like that could actually derail a 15.5, $16 trillion economy. what that says to me in english is, our economy is a lot weaker than people think. and as far as interest rates being
CSPAN
Apr 4, 2013 5:00pm EDT
think it is a perfect opportunity to speak on to topic to promote a stronger economy. the vital rule in growing use of communication in monetary policy. some of you covered the federal reserve and are familiar with how it sits monetary policy to the federal open market committee. you know that the influence c.p. pays close attention in what it says in the statements it issues after each meeting. this is supplemented by chairman bernanke's press conferences and providing detailed minutes of the meetings. getting this message out to the public depends on the work that you do in reporting and analyzing the statements and actions and explaining its roles and objectives. want to thank you for those contributions. let me also say while i'm particularly pleased to speak to you fape all of you are consumers and producers of communication. at first glance, the o.f.m.'s communication may not seem different from what you've heard other government agencies about what they say about their policies or what businesses say about their products. i hope to show how communication plays a distinct and s
CSPAN
Apr 1, 2013 6:50am EDT
debt that is the size of the national economy, you have a problem. our debt exceeds the size of the economy. it is over $16 trillion of gdp. of the problem is what has happened over the last several years with the recession. the recession led to declines in tax revenues. congress introduced tax cuts that caused the deficit to grow and we had federal government spending -- the newest spending that was -- stimulus spending that was higher than was the case before the recession. >> the recession hit and the debt skyrocketed. what caused the debt to reach a high point russia mark >> -- to reach a high point? >> the american people. we want welfare spending. we won all of the spending of the government spending and we do not want to pay the bill. >> this is like going to the mall with your dad's credit card. it is fun. you go shopping. maybe there are limitations, but in the end you are not the one paying. you have to think of it differently. you are going to the mall with your grandchild's credit card. that is what we are doing with the federal government. we are making these promises t
NBC
Apr 2, 2013 5:30pm PDT
. economy tonight, promising signs of life that millions of americans aren't feeling yet. but we can say there are more indicators that conditions are turning around. first, there's wall street. today the dow and the s&p both set record highs. an up day across the board, in fact. but there's also spending to look at. it's always good for the american economy when people start buying cars. nearly 1.5 million cars and trucks were sold in the month of march. that's the most in almost six years. and there are other signs. nbc's tom costello is at a ford dealership in vienna, virginia, tonight. tom, good evening. >> hi, brian. ford sales up 6% in march. customers drawn in by those shiny new cars and suvs and trucks, low interest rates, and some statistics that suggest the economy really has found firmer ground. today's signs of economic recovery are right there in the headlights. auto sales in march the best in six years. ford, chrysler, toyota, gm, and nissan, all reporting strong sales. truck and suv sales especially strong. cnbc's phil lebeau. >> this is not something where the automak
CNBC
Apr 5, 2013 2:00pm EDT
? the lowest yield since the second week and it really underscores the weakness in the economy. it has a big significance we can't ignore. >> something wicked this way may be coming. i'm not asking you to put on your matlock experience hat. >> that is the fact that we see crude inventories near record levels and we saw macro economic data. that was always pressuring oil prices. and below $105 a barrel and wti under pressure as well. if you don't have a job you're not driving to work. that is something that is definitely pressuring the energy market overall. the prigt side was the gold market. a lot of the bulls were saying all week long we have tensions in north korea. why is gold at a ten month low? today we have seen it rally more than 25 bucks. some traders are saying now maybe we will see safe haven buying. but the injury jury is really st there. >> just 88,000 jobs created in march, well below expectations. also far beneath the average. but since stocks have fallen the past two summers, is this real reason to change your investment strategy. jim, are you completely throwing ou
CNN
Mar 31, 2013 12:00pm PDT
continues its bull run, but the wider economy is still playing catch-up. is it too early to celebrate america's coming reason advance? i'm ali velshi and this is "your money." the dow is up 11%. that's better than you would do in an entire year in some years. those who invested since the market bottomed have taken advantage of 130% rise in the s&p 500. that's the benchmark index for retirement investments including your 401(k). and your i.r.a. then there's housing. that other leg on the stool. finally, housing bottomed out last year with home prices steadily going up largely due to historically low mortgage rates. with home values climbing again, americans have gotten back their number one tool to help build wealth and put it to work for them. and finally there's this boom in america's energy sector which has already started to reduce america's dependence on foreign oil and has crushed natural gas prices. by some 75% in just five years. industry is taking advantage of the savings to bring back manufacturing jobs to this country. i continue to maintain this energy boom could fuel an ec
CSPAN
Apr 6, 2013 11:05am EDT
politics and economy, such as security, and environmental policy. george washington university co- sponsored the event. this is just under an hour. [applause] >> it is a pleasure to welcome you to george washington to host a conversation, a preview event for the 2013 "fortune" global forum which this year will be held in chengdu, china. it brings together chief executives and global thought leaders to discuss national commerce and other issues. this year i am delighted to announce george washington university will become the first and so far the only educational partner for the "fortune" global forum. it will provide access for students and faculty and alumni to very important content that is developed there, but also our faculty expertise. it is now a pleasure to introduce today's speakers for this preview event. henry, better known as hank, paulson, was sworn in as the 74th secretary the united states department of treasury in 2006. thehe secretary, president's leading policy advisor on a broad range of domestic and international economic issues. in 2011 he founded the paulson i
FOX Business
Apr 5, 2013 4:00pm EDT
you can see at 1.7%. concerns over a slowing economy and a large build-up in supplies sent oil tumbling 4.6% this week week. this is the biggest percentage weekly loss since way back in september. grade ended the day at $92.70 a barrel. we're going to be covering that and a whole lot more. liz claman is at raymond james trading floor. "after the bell" starts right now. david: what a way to end the week. a very busy trading day. lots of action as the dow looks like it is settling 41 points to the negative. let's get right to it. we have larry shover in the pits of the cme. mark luschini has a bearish outlook on the markets but that doesn't mean there isn't money to be made. he will tell us where. and adolfo talking about the structural issues. we'll get right to it with larry at the cme. larry, despite the day's numbers we had a comeback in the market. i would say that is a buy cue that the market would come back fighting these lousy numbers. what do you say? >> i say traders and myself are paralyzed right now. we're in a situation in my mind is inherently unstable. we have wobb
FOX Business
Mar 28, 2013 8:00pm EDT
at this quarter. what a wonder. it does make you wonder if the markets are soaring, and economy is improving, and housing is returning, you would think certainly food stamps, they would be plummeting. just the opposite. food stamps are rocketing, how is that? why is that? we're on it. you won't believe it. plan plan look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden mptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pa
FOX Business
Mar 28, 2013 11:00pm EDT
. it does make you wonder if the markets are soaring, and economy is improving, and housing is returning, you would think certainly food stamps, they wod be plummeting. just the opposite. food stamps are rocketing, how is that? why is that? we're on it. we're on it. you won't believe it. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more invative reason serious investors are choosing fidelity. now get 20free trades when you open an account. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes.
CNBC
Apr 1, 2013 7:00pm EDT
for now. economy and home prices tanked while at the same time it had some of the most generous public employee benefits in california and that's saying something. credit stores were fighting the bankruptcy filing in court because they said it wasn't fair they were taking haircuts but calpers was not. stockton argued under california law, it isn't a creditor. it had to be paid. today, federal judge christopher klein said the bankruptcy could go ahead and that creditors were the ones so far acting in bad faith. >> there's no reason by the first anniversary of our filing that we don't have a plan of adjustment agreed to by our creditors. city of stockton makes deals, we negotiate, we've already negotiated ten deals, a handful more and we look forward to that opportunity. >> the judge did not rule out the possibility that calpers could see cuts to the pension obligations. that's not happening for the moment. chapter 9 was allowable and necessary, michelle for the city to continue to provide basic services. >> you described, you said these were some of the most pensions and benefits
PBS
Apr 5, 2013 7:00pm PDT
begun appearing in the economy and financial markets. and they will also fuel expected price increases. all of these will help the japanese economy to get out of nearly 15 years of deflation. >> kuroda was asked if the new policy could lead to an asset-inflated economy. he says he does not see such a bubble situation in the stock and bond markets at present. kuroda went on to say there are no immediate risks, but he added that the bank will keep a careful eye on such trends. >>> japanese and u.s. negotiators have taken another step toward realigning u.s. forces in japan. they've been trying to ease the burden on okinawa, which has long hosted the bulk of u.s. forces in japan. they've agreed on a plan to return some land currently used for american military facilities. prime minister abe met with the u.s. ambassador to sign off on the plan. it calls for the return of more than 100,000 hectares of land. the base could be returned within ten years, but the negotiators agreed the timeframe could be much longer. they added conditions as well. they agreed that some facilities would be reloca
FOX News
Apr 5, 2013 1:00pm PDT
the economy is still healing. this economy has an infection called gangrene, called obama karr. obamacare is killing the economy. you talked witch your previous guest about the labor par tis rate. if the lab you're participant rate was the same as it was in 2001, the unemployment rate would be 10.9%. the view the economy is recovering is false. it's not true. people are not spending money, people cutting jobs as a result of obamacare, and the unemployment rate doesn't show the whole story. >> a lot of white house watch the markets, we watch retail very, very closely. this is a consumer driven economy. 65% of the economy is based on consumers pull ought the cash or credit card. when retail lays off that doesn't bode well for the economy, jobs, anyone going forward. right? >> right. as you mentioned, the payroll tax hike that took place during the fiscal cliff, obama promised not to raise taxes. raised taxes on everyone through the expiration of the pay troll tax cut. of you don't have extra moye in your pay check to spend on shoes or retail, you're not going spend it, and we're
PBS
Apr 2, 2013 4:30pm PDT
the way. >> all revved up. consumers put any worry about the economy in the rear view mirror as auto sales have their strongest showing in more than five years. can the sales pace continue? >>> and pension pinch. stockton, california's bankruptcy has put the nation's pension troubles in the spotlight once again. what you need to know. all that and more coming up. good evening, everyone. well, tyler, another day of new milestones on wall street. >> you would think we were back in the first quarter of 2013, wouldn't you? it was another day of records for u.s. blue chip stocks. the dow and the s&p 500 finished at all-time closing highs, driven by gains in health care companies, by strong u.s. factory orders, and by word that european officials had given cyprus an extra year until 2017 to get its budget in shape that sent european shares roughly 2% higher in the major markets and gains there spilled over here into the u.s. u.s. stocks were little affected by a mid-day speech by an atlanta fed president dennis lockhart. he said the central bank may be able to trim its bond-buying sti
PBS
Apr 4, 2013 7:00pm PDT
there is volatility out there, and there are certain sectors of the economy that seem to be taking the hit harder than others. >> reporter: earlier this week, there was also disappointing news about private sector job growth. businesses only added 158,000 jobs last month. according to the closely watched survey from payroll processor adp, far short of economists' expectations for nearly 200,000 new jobs. last month, the labor department told us payrolls increased by 236,000, and the unemployment rate fell to 7.7%. but this week's soft jobs data has wall street traders softening expectations about tomorrow's jobs numbers. >> starting to hear people dial back to 160, 170, somewhere in there. >> if tomorrow's jobs numbers from here at the labor department come in lower than expected, look for businesses and investors to start to worry about still another soft patch for the economy. for "nightly business report," i'm hampton pearson, in washington. >> well, what happens with the economy will shape what is next for stocks. joining us to talk about what we can expect, bruce kazman, and bob d
CSPAN
Apr 4, 2013 8:00pm EDT
, and the long-term stability of the u.s. economy. they spoke at a conference held at george washington university. this is one hour and 10 minutes. >> welcome. thank you for being here today. when we name this panel month because -- months ago, we called the new austerity, thinking the nation would be in the midst of major discussions about austerity and probably a lot further along than we now see that we are. we knew we had a debt problem. the nation knows we have a debt problem. the question is, what do we do with that and who feels the pain? we seem to be caught there in who feels the pain. the public is adamantly have to do something with that debt. i don't know about you, but i write about the economy and the market that i get the mails from people constantly screaming we have to do something about the debt. are of these people hoarding gold because they figure a disaster is coming. but then you get to the questions that you have seen in some of the polling -- people believe we have to do something about the debt, but then you get to the specifics like medicare, social
CNBC
Apr 2, 2013 4:00am EDT
manufacturing for europe coming in at 46.8. as you can see, the euro is roughly unchanged. some economies, the biggest ones have seen while they're still in contraction some improvement from the flash numbers two weeks ago. the euro is up about 0.1%. 1.28 is the level. markets perhaps don't have a worse tone keying off the session we had in the u.s. yesterday. let's dig into these figures a little bit and get a sense of just how we're starting the month off here. holger, i can run through some of these figures. we've got the pmi falling. it was 46. 6/. it was 46.8, just a touch better, but still, contractionary territory. >> it's basically fairly bad news what we had with the eurozone in terms of economic data. after a pretty good run which lasted until february, march has been a softer month. apparently the political volleys in italy and at the end plus some concerns about china seem to be weighing on sentiment going forward, at least, we learned yesterday from the chinese pmi, which has been up, these concerns about china should be easing a bit. but for the moment, the outlook for the e
KCSMMHZ
Apr 4, 2013 6:00am PDT
moving or selling chickens. the epidemic not only effected the domestic economy and people's daily lives, it also led to a decline in the number of tourists. tourism is a key source of currency revenue for vietnam. state-run television is broadcasting the results of the government crackdown. on thursday, they reported that authorities had arrested a smuggler trying to bring a car parked with chickens in from china. the vietnamese government is instructing organizations to disclose information about the h7n9 virus. the authorities want to stop fear among the public as well as prevent an epidemic. nhk world, hanoi. >>> asean member countries are also watching the strain of avian flu. here in tile land, they are not confirmed any human cases however the public health ministry has ordered hospitals nationwide to closely monitor patients with severe respiratory problems. >>> pakistan is headed for general elections in may. young people in the country are looking ahead and what they see is not rosy. an overwhelming majority of them have a pessimistic view of the future according to the latest
PBS
Apr 5, 2013 3:00pm PDT
at what's happening for growth overall in the economy. our economy is growing very slowly, at less than half a percent. and for that rate of growth, we shouldn't be surprised with a number like we saw today. >> brown: andrew mcafee we look at the monthly numbers. we try to look for signals. he look longer-term as well. what do you see, what important trends do you see that might help us understand even a monthly figure like this? >> and i think that this latest monthly figure is part of a long-term and pretty challenging trend, about 30 years ago wage growth for the average american worker started to taper off. and for the past 15 years it's actually been negative. about 12 years ago job growth started to taper off as well. of course that took a huge dive during the great recession and has really not recovered at all. and i look at these longer-term trends and i think they're part of a pattern, as are technologies, and especially our tidge nal technologies just continue to get so much more powerful and to demonstrate all these new capabilities. that means that we tend to need human
FOX Business
Apr 4, 2013 11:00am EDT
speaking today. tens of billions of dollars into the economy every month. what danger is it selling there and here? take a look at the oil market. down almost two dollars a barrel. ♪ ♪ dagen: let us make some money with. connell: charles payne. charles: universal display on this network. i have always traded it. it is up big today. here is the pros. they make what is called organic and big contracts with and sony. it is flexible. it is really amazing. here is the bad. execution is always sloppy. that is why the stock should be $50 a share. i am trading in that $30 a share. connell: you have done this a number of times. charles: maybe they felt twice. 380%, here is another thing, people worry about competition. apple will get into this business or so and so will get into this business. it has not really happened yet. stock acts great. three insider buys recently. 239 shares. they are buying and we are buying. if somebody was going to get involved in the business, when it its be a possible takeover target for somebody? charles: for about two and a half years. connell: usually just
CSPAN
Mar 30, 2013 3:30pm EDT
leopold talks about his hidden world of hedge funds. he argues that they are bad for our economy. this is about an hour and 10 minutes. >> thank you for having me here. thank you for having me on c-span. i appreciate c-span being here. your college dean commie so much about writing. the thing that he thought that was most important is that you have to put passion in your writing. you can't just be a boring person. he actually does that and i have to tell you that it is the one thing that blew my mind. if you think that i will put you to sleep, you should try reading hegel. this ended with a passionate love scene. it is something that scott hegel wrote about. if you can turn a philosopher's dry words into a love scene, well, you can write with passion. i have never forgotten, that, mike. okay, we are dealing with tonight -- let me see if i can get this going here. why write a book like this? well, what is trying to do i'm trying to raise fundamental questions about how economic values produce really. what what is it that they do that is so valuable? >> the second thing is the root cause
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